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Despite new criteria, no 'substantive change' seen in Treasury currency report

April 18, 2017

Trade analysts and attorneys contend that the new element added to the Treasury Department's semiannual Foreign Exchange Rate Report -- for the first time targeting countries with disproportionate shares of the U.S. trade deficit -- could be seen as a warning shot across China's bow but doesn't have a significant immediate impact. The report to Congress, released on April 14, did not find that any country met either the previous or revised criteria for currency manipulation, but it touted as...

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